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5h ago

CFTC Clarifies FBOT Rules, Opening Path for Foreign Crypto Exchanges to Serve U.S. Traders

The advisory extends the FBOT regime to digital assets to give offshore platforms a clear path to register after years of enforcement-driven uncertainty.

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CFTC issues advisory opening path for Americans to trade on offshore exchanges like Binance
Cftc creates "path back" for crypto firms to reenter u.s. markets

Overview

  • The CFTC’s Division of Market Oversight issued guidance clarifying that its foreign board of trade registration framework applies to both traditional derivatives and crypto markets.
  • Acting Chair Caroline Pham said the move is intended to legally onshore trading that moved abroad and described the FBOT route as the simplest and fastest way for overseas venues to reach U.S. users.
  • Qualifying foreign exchanges must show comparable home-country supervision and enter information‑sharing arrangements, with trades cleared through CFTC‑registered or Regulation 30.10‑exempt firms.
  • The step is part of the agency’s crypto sprint to implement administration priorities and provide rule clarity following years of regulation through enforcement cited by industry critics.
  • Any expanded access depends on individual platforms choosing to register and addressing legal constraints, including Binance’s 2023 agreement to exit U.S. markets.